Different Types of Auto Invoicing setup available on ADDA?

Different Types of Auto Invoicing setup available on ADDA?

Auto Invoice Generation - Different Types of Billing Setup

1.Standard Rule - Admin can make use of this option if the unit billing is based on Sqft/Flat Rate

Income Tracker>>Setup>>Auto Invoicing Rules>>Add Line Item/Edit Line Item>>Standard Rule

This is the standard rule that is commonly used.

Example 1 : Maintenance Fee = (Unit Sq ft ) * ₹2.00 per month
Example 2 : Maintenance Fee = ₹2000 per month

2.Simple Multiplier Rule - Admin can make use of this option If they wish to bill based on Parking slots and Water Inlets to units.

Step 1 - Income Tracker>>Setup>>Auto Invoicing Rules>>Add Line Item/Edit Line Item>>Simple Multiplier

Step 2 - Income Tracker>>Track Units>>Click More against a unit>>Update the necessary billing details for Water Inlets or Parking Slots

3.Simple NOC - Admin can make use of this option If they wish to charge NOC based on occupancy status like Owners/Tenants/Vacant Unit/Builder Unit and the charges are simple like Flat rate/Sq ft rate.

Steps - Income Tracker>>Setup>>Auto Invoicing Rules>>Add Line Item/Edit Line Item>>Simple NOC

If you have NOC Charges based on the Occupancy of a unit use this rule

Example 1 : Owner occupied Unit : Charge ₹0.00
Example 2 : Tenant occupied Unit : Charge ₹500.00 per month.
Example 3 : Vacant Unit : Charge ₹2.00 per sq.ft. per month.

4.Slab Based Rule -Admin can make use of this option If their billing is Floor wise.

Steps - Income Tracker>>Setup>>Auto Invoicing Rules>>Add Line Item/Edit Line Item>>Slab Based Rule

Slab Based Rule

Example 1 : If (Unit Floor < 5 ) then Property Tax = (₹2.50 & Unit Sq.ft1)
Example 2 : If (Unit Floor < 10 ) then Property Tax = (₹3.00 & Unit Sq.ft1 )
Example 3 : If (Unit Floor < 15 ) then Property Tax = (₹3.50 & Unit Sq.ft1 )

5.Advanced NOC Rule -Admin can make use of this option If they have NOC Charges as a % of other Income Heads like Maintenance Fee etc. (Note : This rule will be applied only to Flats having Occupancy set to "Tenant”.)

Steps - Income Tracker>>Setup>>Auto Invoicing Rules>>Add Line Item/Edit Line Item>>Advanced NOC

Advanced NOC Rule

If you have NOC Charges as a % of other Income Heads like Maintenance Fee etc. use this rule

Note : This rule will be applied only to Units having Occupancy set to "Tenant".

Example : NOC = 10% of Maintenance Fee + 10% of Electricity Charges + 10% of Water Charges.